5.4 MANAGEMENT BOARD

1 Oleg Budargin

Chairman of the Management Board,
member of the Board of Directors

2 Alexander Bobrov

of the Management Board

3 Dmitry Troshenkov

First Deputy Chairman
of the Management Board

4 Valery Chistyakov

First Deputy Chairman
of the Management Board

5 Roman Berdnikov

Deputy Chairman
of the Management Board

6 Dmitry Gvozdev

Deputy Chairman
of the Management Board,
Chief Engineer

7 Andrey Kazachenkov

Deputy Chairman
of the Management Board

8 Yuri Mangarov

Deputy Chairman
of the Management Board

9 Dmitry Gurevich

Member of the Management Board,
Telecommunications and IT Director

10 Evgeny Zhuikov

Member of the Management Board,
General Director of MES Volga

11 Pavel Romanov

Member of the Management Board

Management of Federal Grid Company’s day-to-day operations is performed by the Chairman of the Management Board and the Management Board, which are accountable to the General Shareholders Meeting and the Company’s Board of Directors.

The Management Board acts in accordance with the Russian Federal Law No. 208-FZ dated 26 December, 1995, Russian legislation and the Company’s internal documents: the Articles of Association, the Code of Corporate Governance and Regulations on the Management Board.

The Chairman of the Management Board is the sole executive management body and is responsible for developing the Company’s strategies and targets in economic and financial aspects, accounting and reporting, production and commercial operations, human resources, R&D and investment and corporate policy; to ensure security, legal and administrative support for operations.

In 2010 the following changes were made in the composition of the Management Board:

  • On 12 May, 2010, the Board of Directors made a decision to terminate the powers of the following members of the Management Board: Alexey Maslov and Mikhail Tuzov, and elected Pavel Romanov and Dmitry Gvozdev to be members of the Board;
  • Starting 4 April, 2010, the powers of Management Board member Andrey Demin were terminated, due to the expiration of his fixed-term employment agreement;
  • Due to his death, a member of the Management Board, Victor Vasilyev, was removed from the Board 7 March, 2010;
  • The decision of the Board of Directors, dated 7 September, 2010, terminated the powers of the following members of the Management Board: Sergey Ivanov and Misrikhan Misrikhanov;
  • The decision of the Board of Directors, dated 7 September, 2010, appointed Andrey Kazachenkov, Yuri Mangarov, Alexander Bobrov and Evgeny Zhuykov members of the Company’s Management Board.

The Chairman of the Management Board is the sole executive management body and is responsible for developing the Company’s strategies and targets in economic and financial aspects, accounting and reporting, production and commercial operations, human resources, R&D and investment and corporate policy; to ensure security, legal and administrative support for operations.

Chairman of the Management Board

Oleg Budargin

Responsibilities:
The Chairman of the Management Board is responsible for developing the Company’s strategies and targets in economic and financial aspects, accounting and reporting, production and commercial operations, human resources, R&D and investment and corporate policy; thus ensuring security, legal and administrative support for operations. Elected at the Company’s Extraordinary General Shareholders Meeting on 27 October, 2009.

Background:
Mr. Budargin was born 16 November, 1960 and graduated from the Norilsk Industrial Institute (cum laude) in 1982 with a degree in Industrial and Civil Engineering. From 1984-1995 he worked at Norilskstroi PSMO (Production Construction and Assembly Association), in Promstroi Trust of the Norilsk Mining and Metallurgical Work (NGMK), in the Capital Construction Department of NGMK and served as Deputy CEO of NGMK. Mr. Budargin was Mayor of Norilsk from 2000–2002 and Governor of the Taimyr (Dolgano-Nenetsky) Autonomous District from 2003–2006. In 2007 he was appointed Assistant to the Plenipotentiary Representative of the Russian President in the Siberian Federal District. On 11 July, 2009, Federal Grid Company’s Board of Directors appointed Mr. Budargin Acting Chairman of the Management Board, and on 27 October, 2009, he was elected Chairman of Federal Grid Company’s Management Board by an Extraordinary General Shareholders Meeting.

Holds the following positions:

  • Chairman of the Management Board, Member of the Board of Directors of Federal Grid Company;
  • Member of the Board of Directors of Energy Forecasting Agency.

Share of participation in the Company’s share capital: 0.0000226124%

Share of the Company’s ordinary stock: 0.0000226124%.

The Composition of the Management Board, valid since 7 September, 2010

Alexander Bobrov

Responsibilities:
Managing Federal Grid Company’s investment operations and property and providing logistics and procurement support for the Company.

Background:
Mr. Bobrov was born 16 June, 1968. In 1998, he graduated from the North-West Public Service Academy with a degree in Public and Municipal Management. He holds a PhD in Economics. From 1997-2003, Mr. Bobrov was Head of the External Economic Relations and Investment Policy Department at Lentransgaz and Deputy General Director of Petersburgregiongaz. From 2003-2008 he served as the Chairman of the Saint-Petersburg Energy and Engineering Support Committee. He was Head of Inzhspetsstroy, a Noncommercial Partnership for Promoting Construction Work Quality and Safety, which unites major Saint Petersburg-based companies involved in infrastructural engineering and redevelopment. 2010, Mr. Bobrov was appointed Chief Advisor to the Chairman of the Company’s Management Board, and st 2010, he was appointed First Deputy Chairman of the Management Board. In September 2010, Mr. Bobrov was elected a member of the Company’s Management Board.

Holds the following positions:

  • First Deputy Chairman of the Management Board, Member of the Management Board of Federal Grid Company;
  • President of the Non-Commercial Partnership for Quality and Safety Improvement in Construction “The Self-Regulation Organization Inzhspetsstroy-Elektroset.”

Mr. Bobrov holds no shares in the Company.

Dmitry Troshenkov

Responsibilities:
Managing the Company’s economic and financial operation and financial efficiency measures, implementing the corporate policy and legal framework and human resources management.

Background:
Mr. Troshenkov was born 7 January, 1966. He graduated from the Economics Department of the St. Petersburg State University with a degree in Financial Accounting and Auditing. He also holds a degree in bank financial accounting and auditing from the Saint Petersburg Banking Institute. From 2000–2001 he served as Deputy CEO (for economics and finance) at Petroelektrosbyt. From 2001–2005 he as Deputy CEO (for economics and finance) at Lenenergo and later was the Deputy CEO (for economics and finance) at WGC-1 (2005–2006). Between 2006 and September 2009 he was the Vice President for Finance at TNK-BP. In September 2009, he was appointed First Deputy Chairman of Federal Grid Company. Mr. Troshenkov has been a Member of the Company’s Management Board since October 2009.

Holds the following positions:

  • First Deputy Chairman of the Management Board, Member of the Management Board of Federal Grid Company;
  • Member of the Board of Directors of First Power Generating Company of the Wholesale Electricity Market;
  • Member of the Board of Directors of Sixth Power Generating Company of the Wholesale Electricity Market;
  • Member of the Board of Directors of the Bashkir Joint Stock Company of the Power Industry and Electrification Bashkirenergo;
  • Member of the Board of Directors of Territorial Generating Company No. 6 (TGC-6);
  • Member of the Board of Directors of Territorial Generating Company No. 11 (TGK-11);
  • Member of the Board of Directors of Volga Territorial Generating Company;
  • Member of the Board of Directors of Index of Energy – Federal Grid Company.

Mr. Troshenkov holds no shares in the Company.

Valery Chistyakov

Responsibilities:
Management of the Company’s R&D activities and technologies, customer development and relations, telecommunications and IT management, organization of technical maintenance and repairs for the Unified Energy System.

Background:
Mr. Chistyakov was born 18 May, 1955. In 1977 he graduated from the Vladimir Polytechnic Institute with a degree in Mechanical Engineering, and from the Financial Academy of the Russian Government in 1996 with an Economics degree. In 2003 he took an MBA course in Business Management at the State Management University. Mr. Chistyakov holds a PhD in Economics. From 1999–2009 he held various positions in the power sector, including Deputy CEO for Sales at Vladimirenergo, CEO of Udmurtenergo, Director of the Upper Volga Branch of IDGC Center and North Caucasus, CEO of Lenenergo and First Deputy CEO of UES Engineering Center. In September 2009, he was appointed Deputy Chairman of the Company’s Management Board and was elected as a member of the Company’s Management Board in October 2009. Mr. Chistyakov has served as First Deputy Chairman of Management Board since November 2009.

Holds the following positions:

  • First Deputy Chairman of the Management Board, Member of the Management Board of Federal Grid Company;
  • Member of the Board of Directors of the Bashkir Joint Stock Company of the Power Industry and Electrification Bashkirenergo.

Mr. Chistyakov holds no shares in the Company.

Roman Berdnikov

Responsibilities:
Customer relations and development, R&D development and management of the Company’s technologies and the corporate R&D policy.

Background:
Mr. Berdnikov was born 14 August, 1973 and graduated from the Moscow Power Engineering Institute (1998) with a degree in Electric Power Plants. From 1997 to 1998 he worked as the chief electrician at Mosenergo. From 1998 to 1999 he worked in the Tariffs and Technical and Economic Indicators Department of SO CDU UES of Russia. From 1999 to 2002 Mr. Berdnikov worked with RAO UES of Russia, where he began as a specialist in the Department of the SDC Federal National Wholesale Electric Power Market and was eventually promoted to the post of leading specialist in the Department of Electric Power Market Development. In October 2002, he joined the Company as the chief specialist in the Strategic Planning Department. In 2003 he was appointed Deputy Head of the Strategic Planning Department; in 2005 he took over the position of Head of the Department of Service and Grid Reliability Improvement, which was later restructured as the Department of Customer and Market Relations. In 2009 he took up the post of Development and Customer Relations Director. Mr. Berdnikov was elected a Member of the Company’s Management Board in October 2009. Since February 2010 he has been Deputy Chairman of the Management Board.

Holds the following positions:

  • Deputy Chairman of the Management Board, Member of the Management Board of Federal Grid Company;
  • Member of the Board of Directors of Unified Energy System GruzRosenergo;
  • Member of the Board of Directors of Energy Institute named after Krzhizhanovsky.

Share of participation in the Company’s share capital: 0.0000001975%.

Share of the Company’s ordinary stock: 0.0000001975%

Dmitry Gvozdev

Responsibilities:
Organizing maintenance and repair activities, implementing the Company’s technical policy, organizing site maintenance for the UNEG, organizing workplace safety management systems at the UNEG sites and managing labor safety efforts

Background:
Mr. Gvozdev was born 13 August, 1974 and graduated from Kuzbass State Technical University with a cum laude degree in Electrical Engineering. In 2000 he received a Ph.D. in Technical Sciences from the same university. He started his career at Kemerovskaya GRES (State District Power Plant) – a branch of Kuzbassenergo. Upon completing his post-graduate studies, he worked with ODU of Siberia, a SO UES branch, where he was promoted from engineer to Deputy Chief Dispatcher. Following this, he was Director for Dispatch Control Technology Development at the SO UES branch – ODU of the Center. In March 2009, he was appointed the Company’s Asset Management Director. Since September 2009 he has been Chief Engineer for the Company and since May 2010 he has been a Member of the Management Board.

Holds the following positions:

  • Deputy Chairman of the Management Board – Chief Engineer, Member of Federal Grid Company’s Management Board.

Mr. Gvozdev holds no shares in the Company.

Andrey Kazachenkov

Responsibilities:
Management of the Company’s financial and economic activities, organization of the Company’s economic, financial and accounting processes.

Background:
Mr. Kazachenkov was born 24 April, 1980. He graduated cum laude from the St Petersburg State Engineering and Economic University with a degree in Engineering Plant Economics and Governance and in Management. He obtained an MBA from the University of Wisconsin (Madison, USA) and was trained at IMD (Switzerland) and INSEAD (France) Business Schools under the auspices of special programs in Economics and Finance. He started his career in 2004 with Lenenergo as an Advisor to the Finance Director, and was later appointed Deputy Finance Director. In 2005 Mr. Kazachenkov joined WGC-1 as Head of the Corporate Finance Department. Since October 2009 he has been an Advisor to the Chairman of the Company’s Management Board. Since November 2009 Mr. Kazachenkov has been Deputy Chairman of the Company’s Management Board. Mr. Kazachenkov was elected a Member of Management Board in September 2010.

Holds the following positions:

  • Deputy Chairman of the Management Board, Member of the Management Board of Federal Grid Company;
  • Member of the Board of Directors of Volga Territorial Generating Company;
  • Member of the Board of Directors of Index of Energy – Federal Grid Company.

Share of participation in the Company’s share capital: 0.0000191091%.

Share of the Company’s ordinary stock: 0.0000191091%.

Yuri Mangarov

Responsibilities:
Control and audit operations management, corporate economic security, supervision over the Company and its SDCs’ financial, production and administrative operations.

Background:
Mr. Mangarov was born 6 November, 1956 and graduated from the Plekhanov Moscow Institute of the National Economy with a degree in Economic Cybernetics. For 23 ears, from 1980 to 2003, he worked in the mining and metals industry. He started his career as an engineer with the Norilsk Mining and Metallurgical Work and became Director of Norilsk Integrated Plant. In 2003 Mr. Mangarov was appointed Deputy Human Resources and Social Policy Director with Mining and Metallurgical Company Norilsk Nickel; and later held the offices of Deputy Employee Relations and Salary Director and the Head of the Director Division. In August 2009, he joined the Company as the Deputy Head of the Financial Control and Internal Audit Division. In October 2009, Mr. Mangarov was appointed Director for Control and Audit Operations. Since March 2010 he has been Deputy Chairman of the Management Board. In September 2010, Mr. Mangarov was elected as a Member of the Management Board.

Holds the following positions:

  • Chairman of the Management Board, Member of the Management Board of Federal Grid Company;
  • Member of the Board of Directors of Energostroysnabkomplekt of the UES;
  • Member of the Board of Directors of Center for Engineering and Construction Management of the Unified Energy System.

Mr. Mangarov holds no shares in the Company.

Dmitry Gurevich

Responsibilities:
Telecommunications and IT, development and implementation of the UEP TN of the Electricity Grid and coordination of fiber optic line construction.

Background:
Mr. Gurevich was born 22 July, 1971 and graduated from the Leningrad Electro-Technical Institute named after Bonch-Bruyevitch in 1993 with a degree in Radio Engineering. In 1997 he obtained an MBA from the St Petersburg International Institute of Management (IMISP) and a Masters Certificate from D. Washington University in Project Management. After graduating from the Institute, he jointed AT&T (Lucent Technologies). In 1997 Mr. Gurevich was appointed Project Director of Lucent Technologies. In 2003 he joined Rostelecom, where he became Project Management Director and Deputy General Director and a Member of the Management Board. In February 2008, he was appointed Telecommunications Director of the Company; in October 2009, Mr. Gurevich was appointed Telecommunications and IT Director. In October 2009, Mr. Gurevich was elected a Member of the Company’s Management Board.

Holds the following positions:

  • Telecommunications and IT Director, Member of the Management Board.

Mr. Gurevich holds no shares in the Company.

Evgeny Zhuikov

Responsibilities:
General Director of the Company MES of Volga branch.

Background:
Mr. Zhuykov was born 13 May, 1961. In 1990 he graduated from the Sverdlovsk Institute of the National Economy as an economist, with a degree in Economics and Logistics Planning. He is a graduate of the Presidential Program for Executive Staff Training for National Economy Enterprises specializing in Finance and Lending (2000). Mr. Zhuykov holds a PhD in Economics. For 13 years he worked for Western Electric Grids POEiE Sverdlovenergo: from 1987 to 1990 he was Head of the Procurements Department and in 1990-2000 he served as the Deputy Director. From 2001-2002 he was Head of Logistics at Uralplastic (Yekaterinburg). In 2002 he was appointed Deputy General Director for Economics and Finance and acting General Director of MES of Ural. In August 2010, Mr. Zhuykov was appointed General Director of MES of Volga. Since September 2010 he has served as a Member of the Company’s Management Board.

Holds the following positions:

  • General Director of MES of Volga branch, Member of the Management Board of Federal Grid Company.

Share of participation in the Company’s share capital: 0.0000001609%.

Share of the Company’s ordinary stock: 0.0000001609%.

Pavel Romanov

Responsibilities:
Managing the Company’s property, financial risks, invested capital and procurement. Organizing the management process for subsidiary and dependent companies.

Background:
Mr. Romanov was born 7 July, 1964 and graduated from the Moscow State University in 1986, with a cum laude degree in Economics. From 1986 to 1993 he worked at Moscow State University as the Secretary of the Komsomol Committee, as an assistant to the Chair of Production Management in the Economics Department at Moscow State University. From 1993 to 1994 Mr. Romanov was the Economic and Finance Director of Vityaz Precision Engineering Concern. From 1994 to 2002 he was General Director of FNDS, a professional stock market operator. From 2002 to 2007 he worked as Finance Director of the Rosenergoatom Corporation. From 2007 to 2008 he was First Deputy General Director of Atomenergoproekt. From 2008 to 2009 he was the General Director of Engineering Center ‘Russian Gas Centrifuge’. Between December 2009 and January 2011 he served as the Deputy Chairman of the Company’s Management Board. Since May 2010 he has been a Member of the Company’s Management Board.

Holds the following positions:

  • Member of the Management Board of Federal Grid Company;
  • Member of the Management Board of Volga Territorial Generating Company;
  • Member of the Board of Directors of the Unified Energy System GruzRosenergo.

Mr. Romanov holds no shares in the Company.

Deals involving the Company’s shares

Deals with the Company’s shares in 2010:

  • A. Kazachenkov
    Deal date: 20 September, 2010
    Shareholding in the Company’s share capital prior to the acquisition: 0%
    Shareholding in Company’s share capital after the acquisition: 0.0000191091%.